Greek exit would be 'catastrophe', says former Greek PM

A Greek exit from the euro would be a "major catastrophe", former Greek PM George Papandreou has told the BBC.

EU crisis: Mario Monti raises spectre of crisis amid protests

MILAN/ROME: Italy is again flirting with economic disaster, Prime Minister Mario Monti said, as huge crowds massed in Rome in protest at his austerity measures a day ahead of an election in Greece that threatens to destabilise the whole euro zone.

In Euro Crisis, Obama Tries to Build on a Rapport With Merkel

WASHINGTON — At the end of a summit meeting at Camp David last month, as the other world leaders were heading for their helicopters, President Obama did what has become a habit during his years in the White House: he made time for an informal but deadly serious talk with Chancellor Angela Merkel of Germany.

Euro crisis: It's still not over

NEW YORK (CNNMoney) -- Spain officially requested a bailout for the nation's banks Saturday but euphoria about the weekend's announcement was short-lived.

Market Rally Fades Over Spanish Bank Rescue

A key consideration in the Spanish bank rescue is how investors will judge the Spanish government’s solvency if it is required to add 100 billion euros of debt guarantees to its already strapped finances.